Premium Realty developer Ajmera Realty and Infra India is developing the next phase of its residential project in Wadala, part of the 100 acre master layout of Ajmera i-Land Mumbai in Maharashtra.

The project has approximately 5,00,000 sq ft carpet area for sale, with funding avenues for the said project coming in from a mix of internal accruals, construction finance loan from HDFC and sales advances.

With an estimated sales value of Rs 1,500 crore, the project plot will comprise 540 residential flats and 18 retail shops.

The construction of the project will comprise two wings, aggregating to 540 residential flats, which will be within close proximity of a huge 25 acre garden, which is also located within the township. The two-BHK and three-BHK apartments configuration ranges from 750-794 RERA CA and 977-1225 RERA CA respectively.

The construction of the project has begun and is expected to be completed in five years. The project is designed by architect Hafeez Contractor.